And sequestration is only one facet of the “fiscal cliff,” faced by lawmakers. Expiring tax cuts are also on the table.
The political wrangling during the lame-duck session amounts to a “high-stakes game of chicken,” the authors of the report write. “It would seriously disrupt planning throughout the Department of Defense and the defense industry, potentially shake market confidence in the United States and limit U.S. economic growth.”
Francis Rose is the host of In Depth, which airs weekdays from 4-7 p.m. on 1500 AM in the Washington, DC metro area and online everywhere. Francis has covered all three branches of the federal government as a broadcast journalist since 1998. He joined Federal News Radio in 2006, and launched In Depth in 2008 as a daily show focused on connecting federal executives to the information they need to do their jobs better.